It appears to me, my lords, that there are many reasons which, with the same circumstances, would have withheld any nation but this from such a dangerous interposition.  The Dutch, we see, are content to look on without action, though they are more interested in the event, and less embarrassed on any other side.  We are already engaged in a war, of which no man can foresee the conclusion; but which cannot be ended unsuccessfully, without the utmost danger to our most important interests; and which yet has hitherto produced only losses and disgrace, has impoverished our merchants, and intimidated our soldiers.  Whether these losses are the effects of weakness or treachery, is a question which I am not ambitious of endeavouring to decide, and of which the decision is, indeed, by no means necessary in the present debate; since if we are too weak to struggle with Spain, unassisted as she is, and embarrassed with different views, I need not say what will be our condition, when the whole house of Bourbon shall be combined against us; when that nation which stood alone for so many years against the united efforts of Europe, shall attack us, exhausted with taxes, enervated with corruption, and disunited from all allies.  Whether the troops of Hanover will assist us at that time, I cannot determine.  Perhaps, in the destruction of the British dominions, it may be thought expedient to secure a more valuable and important country by a timely neutrality; but if we have any auxiliaries from thence, we must then necessarily obtain them upon cheaper terms.

If our inactivity in the European seas, and our ill success in those of America be, as it is generally suspected, the consequence of perfidious counsels, and private machinations; if our fleets are sent out with orders to make no attempt against our enemies, or our admirals commanded to retreat before them; surely no higher degree of madness can be imagined, than that of provoking new enemies before we have experienced a change of counsels, and found reason to place in our ministers and statesmen that confidence which war absolutely requires.

This is the conduct, my lords, which I should think most rational, even though we were attacked in some of our real rights, and though the quarrel about which we were debating was our own; I should think the nearest danger the greatest, and should advise patience under foreign insults, till we had redressed our domestick grievances; till we had driven treachery from the court, and corruption from the senate.  But much more proper do I think this conduct, when we are invited only to engage in distant war, in a dispute about the dominion of princes, in the bowels of the continent; of princes, of whom it is not certain, that we shall receive either advantage or security from their greatness, or that we should suffer any loss or injury by their fall.